Jerome Powell

Federal Reserve Vice Chair Lael Brainard warned Friday that central bank policymakers will need to raise interest rates higher and keep them elevated for some time to fight inflation.

A key measure of inflation that is closely monitored by the Federal Reserve rose faster than expected in August as prices remain near a four-decade high.

Several Federal Reserve officials this week endorsed additional interest rate hikes as the central bank tries to bring inflation under control by slowing the U.S. economy.

Applications for unemployment insurance fell again last week, indicating that employers are still avoiding layoffs in the historically tight labor market.

The Commerce Department said its final reading of second quarter gross domestic product data on Thursday shows the economy shrank 0.6% in the spring, indicating the start of a recession.

The Commerce Department will release the third and final estimate of Q2 GDP on Thursday, providing evidence over whether the economy is in a recession.

The Federal Reserve would eliminate at least 1 million jobs as it tries to rein in runaway inflation with the most aggressive interest rate hikes in decades.

Former Federal Reserve Board nominee Judy Shelton offers insight into the Fed's strategy to combat inflation, warning the crisis could become more 'serious.'

The Federal Reserve is likely to hike interest rates even more aggressively than initially believed as they try to combat inflation, according to Goldman Sachs economists.

Applications for unemployment benefits rose last week from a four-month low, suggesting that employers are still avoiding layoffs in the historically tight labor market.

Federal Reserve Chairman Jerome Powell conceded on Wednesday that the chances of avoiding a recession have diminished as the central bank raises interest rates.

The Federal Reserve increased interest rates once again to the 3% to 3.25% range. This has many ramifications for consumers and their purchasing activities.

The Federal Reserve enacted its third consecutive 75-basis-point interest rate hike as it attempts to cool inflation without triggering an economic recession.

The Federal Reserve is likely to approve the third straight 75-basis-point interest rate hike on Wednesday as it further intensifies its war on inflation.

As the Federal Reserve raises interest rates to fight inflation, the federal government's borrowing costs on its nearly $31 trillion in debt are expected to skyrocket.

Goldman Sachs economists see the Federal Reserve raising interest rates until 2023 to a range of 4.25% to 4.50% and then holding there for a year as they fight inflation.

The University of Michigan's consumer sentiment index rose less than expected in September as Americans' confidence in the economy remains near a historic low.

Hotter-than-expected inflation data released this week could force Federal Reserve policymakers to take historic action and approve a 100-basis-point interest rate hike.

The producer price index, which measures inflation at the wholesale level before it reaches consumers, remains at a multi-decade high, the Labor Department said on Wednesday.

August inflation data came in hotter than expected, raising the odds of an even more aggressive Federal Reserve interest rate hike when policymakers meet next week.